Best’s Commentary: Rejoining Paris Agreement Likely to Spur US Insurers’ ESG Adoption. AM Best believes that an increased legislative and regulatory emphasis on climate risk will prompt U.S. (re)insurers to accelerate their environmental, social and governance (ESG) efforts.
Outside the United States – in Europe and Asia Pacific, in particular – (re)insurers have been increasing the integration of ESG factors into their investment and underwriting activities. However, there has been a perception that U.S. (re)insurers have lagged behind their global counterparts on this matter.
A new Best’s Commentary, “Rejoining Paris Agreement Spurs US (Re)insurers’ ESG Adoption”, sets out some of the potential short-to-medium term impacts on the (re)insurance industry as a result of the United States rejoining the Paris Agreement, including reputational challenges, as well as the threats and opportunities presented by the transition from a high to low-carbon economy.
To access a complimentary copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=305979.
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